Page 7 - LatAmOil Week 05 2022
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LatAmOil                                         MEXICO                                            LatAmOil



                         Two rival candidates blasted the treasurer for his
                         plan to continue running the union along the
                         same lines as one of his predecessors – Carlos
                         Romero Deschamps, who stepped down from
                         his role in 2019 after being investigated for using
                         illicit funds. Maria Cristina Alonso called out
                         Aldana by describing his agenda as camouflaged
                         to carry on the corruption of Carlos Romero
                         Deschamps.” She went on to say: “[How] dare
                         they try to represent us?”
                           Meanwhile, Daniel Aranda chose to focus
                         on Aldana’s personal wealth, claiming that the
                         treasurer may have taken part in the embez-
                         zlement of union funds in an effort to assist the
                         Institutional Revolutionary Party (PRI). Both
                         Aldana and Deschamps are members of PRI,
                         which was the ruling political party of Mexico
                         for much of the 20th century. “It’s all been rob-
                         bery, looting... They live in sumptuous houses,
                         homes with yachts, even with airplanes or heli-
                         copters,” Aranda exclaimed.           Union graphic, published January 31 (Image: SPTRM)
                           Five candidates spoke at last week’s news
                         conference, receiving an opportunity to express   new accountability and transparency measures,
                         their views to tens of thousands of eligible vot-  improving workers’ quality of life and increasing
                         ers. Among these candidates was Aldana, who   productivity. The remaining candidates received
                         pledged to focus his efforts on implementing   opportunities to speak later in the week. ™




                                                      COLOMBIA
       ACP says Colombia’s oil and gas sector



       could see investment rise 42.1% this year






                         INVESTMENT in Colombian oil and gas pro-
                         jects has the potential to rise significantly this
                         year by more than 40%, according to a private
                         industry group known as the Colombian Petro-
                         leum Association (ACP).
                           In its annual industry presentation last week,
                         ACP predicted that Colombia’s hydrocarbon
                         sector might attract a total of $4.4bn worth of
                         investment in 2022, up by 42.1% year on year.
                         Exploration schemes are set to draw $1.13bn
                         this year, the highest level reported since 2014,
                         it said. More than half of the total sum devoted
                         to exploration will go to natural gas projects, it   ACP President Francisco Lloreda (Photo: ACP)
                         added.
                           Francisco Lloreda, ACP’s president, noted   ACP also acknowledged, though, that cur-
                         in the presentation that the Colombian govern-  rent operating conditions in Colombia’s oil and
                         ment had signed 30 contracts with international   gas industry were strained.
                         oil companies (IOCs) such as Parex Resources   Production levels have declined over the
                         (Canada) and the national oil company (NOC)   last year, partly because of the coronavirus
                         Ecopetrol earlier in January. These develop-  (COVID-19) pandemic and partly because of
                         ments are a positive sign, as they demonstrate   last year’s anti-government demonstrations and
                         that investors are interested in Colombian pro-  social unrest, it explained.
                         jects, he said.                        Colombia produced some 924,000 barrels of
                           “This is good news, and what we’re seeing is   oil equivalent per day (boepd) in crude oil and
                         that companies are committed to helping kick-  natural gas in 2021, down by 4% on the previous
                         start exploration,” Lloreda commented.  year, it noted.



       Week 05   03•February•2022               www. NEWSBASE .com                                              P7
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